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Thursday, May 10, 2012

Selling Overdone In These Names: (CACI), (ABFS), (WRC), (CIEN), (SA)

On May 10, these stocks were spotted as oversold: CACI International Inc, Arkansas Best Corporation, Warnaco Group Inc, CIENA Corp, and Seabridge Gold, Inc. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.

Shares of CACI International Inc (CACI) fell by 1.51% or $-0.73/share to $47.7. In the past year, the shares have traded as low as $46.36 and as high as $66.49. On average, 453320 shares of CACI exchange hands on a given day and today's volume is recorded at 423494.

Shares of Arkansas Best Corporation (ABFS) fell by 2.16% or $-0.30/share to $13.62. In the past year, the shares have traded as low as $13.89 and as high as $27.27. On average, 322020 shares of ABFS exchange hands on a given day and today's volume is recorded at 168782.

Shares of Warnaco Group Inc (WRC) fell by 0.15% or $-0.07/share to $45.98. In the past year, the shares have traded as low as $40.08 and as high as $60.69. On average, 733900 shares of WRC exchange hands on a given day and today's volume is recorded at 210781.

Shares of CIENA Corp (CIEN) fell by 3.14% or $-0.39/share to $12.03. In the past year, the shares have traded as low as $9.89 and as high as $28.14. On average, 5042550 shares of CIEN exchange hands on a given day and today's volume is recorded at 4658391.

Shares of Seabridge Gold, Inc (SA) fell by 0.28% or $-0.04/share to $14.49. In the past year, the shares have traded as low as $13.95 and as high as $31.38. On average, 333680 shares of SA exchange hands on a given day and today's volume is recorded at 176128.